- United Capital Financial Advisors LLC decreased its position in Live Nation Entertainment, Inc. (LYV) by 10.4% during the fourth quarter.
- The firm owned 2,260 shares of the company’s stock after selling 262 shares during the quarter.
- United Capital Financial Advisors LLC’s holdings in Live Nation Entertainment were worth $293,000 as of its most recent SEC filing.
Other Large Investors Also Made Moves in Live Nation Entertainment
- Dodge & Cox acquired a new position in Live Nation Entertainment during the 4th quarter worth about $906,000.
- Jump Financial LLC purchased a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $1,173,000.
- Canada Post Corp Registered Pension Plan acquired a new position in shares of Live Nation Entertainment in the fourth quarter valued at approximately $305,000.
- Mariner LLC increased its stake in Live Nation Entertainment by 8.3% during the 4th quarter.
- Mariner LLC now owns 10,953 shares of the company’s stock worth $1,418,000 after buying an additional 844 shares during the period.
- Independent Franchise Partners LLP lifted its holdings in Live Nation Entertainment by 207.6% during the 4th quarter.
- Independent Franchise Partners LLP now owns 4,693,986 shares of the company’s stock worth $607,871,000 after buying an additional 3,168,210 shares in the last quarter.
Analyst Upgrades and Downgrades
| Analyst | Target Price | Rating |
| Macquarie | $165.00 | Outperform |
| Benchmark | $178.00 | Buy |
| Morgan Stanley | $170.00 | Overweight |
| Roth Mkm | $174.00 | Buy |
| The Goldman Sachs Group | $166.00 | Buy |
Live Nation Entertainment Price Performance
| Market Capitalization | $28.86 billion |
| PE Ratio | 45.47 |
| Price-to-Earnings-Growth Ratio | 1.81 |
Live Nation Entertainment Earnings Results
Live Nation Entertainment last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.93) by $1.49.
Insider Transactions at Live Nation Entertainment
In other news, EVP Michael Rowles sold 63,136 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $155.40, for a total value of $9,811,334.40.
Company Profile
Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
Additional Insights
Want to see what other hedge funds are holding LYV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Live Nation Entertainment, Inc.
